HEICO Co. (NYSE:HEI) Shares Sold by Mar Vista Investment Partners LLC

Mar Vista Investment Partners LLC decreased its position in shares of HEICO Co. (NYSE:HEI) by 7.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,773 shares of the aerospace company’s stock after selling 10,960 shares during the quarter. HEICO accounts for approximately 2.2% of Mar Vista Investment Partners LLC’s portfolio, making the stock its 25th largest holding. Mar Vista Investment Partners LLC owned 0.10% of HEICO worth $31,565,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Compass Financial Services Inc purchased a new stake in shares of HEICO during the 4th quarter worth about $26,000. Berbice Capital Management LLC acquired a new position in HEICO during the fourth quarter worth $95,000. SBI Securities Co. Ltd. purchased a new stake in shares of HEICO during the fourth quarter worth about $135,000. Householder Group Estate & Retirement Specialist LLC increased its stake in HEICO by 476.3% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company’s stock worth $156,000 after buying an additional 543 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its stake in HEICO by 252.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 663 shares of the aerospace company’s stock valued at $158,000 after purchasing an additional 475 shares during the last quarter. 27.12% of the stock is owned by hedge funds and other institutional investors.

HEICO Stock Up 1.5 %

Shares of NYSE:HEI opened at $240.84 on Wednesday. HEICO Co. has a twelve month low of $199.94 and a twelve month high of $283.60. The company has a market capitalization of $33.46 billion, a PE ratio of 65.80, a P/E/G ratio of 3.10 and a beta of 1.07. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The firm has a 50 day simple moving average of $250.72 and a 200-day simple moving average of $250.36.

HEICO (NYSE:HEI) last posted its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.27. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $983.10 million. HEICO had a return on equity of 14.63% and a net margin of 13.33%. On average, equities analysts predict that HEICO Co. will post 4.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. KeyCorp assumed coverage on shares of HEICO in a report on Thursday, January 16th. They issued a “sector weight” rating for the company. William Blair reaffirmed an “outperform” rating on shares of HEICO in a research note on Tuesday, March 25th. Wells Fargo & Company started coverage on shares of HEICO in a report on Tuesday, April 15th. They issued an “equal weight” rating and a $244.00 price objective for the company. Finally, Truist Financial decreased their target price on shares of HEICO from $294.00 to $277.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $267.36.

HEICO Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.